CoinDesk
Crypto-friendly digital bank Revolut has been valued at $115 billion in a secondary share sale, with shares priced at $2,017 each according to an internal message from CEO Nik Storonsky reported by The Wall Street Journal. The transaction lets employees and existing shareholders sell stock rather than raising new capital for the company.
The valuation marks a 53% rise in less than a year and more than doubles the $45 billion figure from 2024, making Revolut Europe’s most valuable private company. It now trades above banking giants like Barclays, whose market value sits near $95 billion, with the caveat that Revolut’s price reflects a private transaction whose size has not been disclosed.
Revolut reported $2.3 billion in pre-tax profit for 2025, up 57%, as revenue rose 46% to $6 billion. Its customer base has since passed 75 million.
Why it matters
The valuation lands during a regulatory sprint for Revolut. The firm secured a MiCA license last year to offer crypto services across the EU, picked up a full UK banking license in March, and has applied for a US national bank charter. It has also floated a $200 billion target for a future IPO. That combination of banking licenses, crypto-native product (over 200 tradeable tokens in-app, plus the standalone Revolut X exchange), and a private-market bid of this size sets up a direct test of whether a crypto-first bank can clear full bank-supervisor scrutiny on both sides of the Atlantic.
Market impact
For the crypto sector, the read is legitimising rather than directly price-moving. A privately priced $115B tag on a firm whose core retail app routes users into token trading and staking signals that sophisticated private capital still underwrites the consumer crypto-banking thesis at scale. Watch the US charter application and any IPO timing as the next catalysts; a $200B public-market print would reset what comparable fintech and crypto-native bank valuations look like globally.
Frequently asked questions
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How did Revolut’s valuation rise from $45 billion to $115 billion in under a year?
The new $115B tag comes via a secondary share sale at $2,017 per share, a 53% markup in less than a year and more than double the $45B valuation from 2024. The transaction lets employees and existing shareholders sell stock without raising new capital.
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What is Revolut X and what crypto services does Revolut offer?
Revolut X is Revolut’s standalone crypto exchange. The main Revolut app lets users trade more than 200 crypto tokens, transfer assets to external wallets, and stake holdings, with crypto services offered under a MiCA license across the EU.
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What banking licenses does Revolut hold or pursue?
Revolut secured a MiCA license for crypto across the EU last year, obtained a full UK banking license in March, and has applied for a US national bank charter. IPO discussions have floated a valuation target as high as $200 billion.
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What were Revolut’s 2025 financial results?
Revolut reported $2.3 billion in pre-tax profit for 2025, up 57% year-on-year, on revenue of $6 billion, up 46%. Its customer base has since passed 75 million.
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Does the $115B valuation make Revolut Europe’s most valuable private company?
Yes. The valuation cements Revolut as Europe’s most valuable private company and puts it above incumbent banking giant Barclays, whose market value sits near $95 billion, with the caveat that Revolut’s price is based on a private transaction whose size has not been disclosed.
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